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Endo Pharmaceuticals Raises 2011 Financial Guidance and Reports Strong Fourth Quarter 2010 Financial Results
Date:2/28/2011

CHADDS FORD, Pa., Feb. 28, 2011 /PRNewswire/ --

  • Company increases 2011 financial guidance of revenues to a range of $2.35B to $2.45B
  • Company increases 2011 financial guidance of adjusted diluted EPS to a range of $4.20 to $4.30 and now expects Reported or GAAP diluted EPS to be in a range of $2.43 to $2.53
  • Total quarterly revenues increase 31 percent versus prior year; Total annual revenues increase 17 percent versus prior year;
  • Reported quarterly diluted EPS of $0.77, down 38 percent from prior year; adjusted diluted EPS of $1.06 reflecting growth of 31 percent from 2009  
  • Reported annual diluted EPS of $2.20, down 3 percent from prior year; adjusted diluted EPS of $3.48, reflecting growth of 23 percent from 2009

  • Endo Pharmaceuticals (Nasdaq: ENDP) today reported financial results for the fourth quarter 2010.

    Total revenues during the fourth quarter of 2010 increased 31 percent to $511 million, compared with $391 million in the same quarter of 2009.  Net income for the three months ended December 31, 2010 was $93 million, compared with $14 8 million in the comparable 2009 period.  As detailed in the supplemental financial information below, adjusted net income for the three months ended December 31, 2010, was $128 million, compared with $95 million in the same period in 2009.  Reported diluted earnings per share for the quarter ended December 31, 2010 were $0.77 compared with $1.25 in the fourth quarter of 2009. Adjusted diluted earnings per share for the same period were $1.06 compared with $0.81 reported in 2009.($ in thousands, except per share amounts)Three months Ended December 31,Twelve months Ended December 31,20102009Change20102009ChangeTotal Revenues$  511,190

    $  391,406

    31%

    $  1,716,229<
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    SOURCE Endo Pharmaceuticals
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